Western Areas: Major Nickel Intersection Below Flying Fox Mine
Published : October 05, 2011
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Keywords :   Canada | Finland | Nickel |

PERTH, AUSTRALIA--(Marketwire - Oct. 5, 2011) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

The Board of Western Areas (TSX:WSA)(ASX:WSA) is pleased to announce outstanding results from recent drilling below the Flying Fox and Spotted Quoll mines. Current drilling programs are designed to support the short term goal to lift mine life at both Flying Fox and Spotted Quoll to 10 years. 

At Flying Fox, recent drilling has intersected high grade massive sulphide in the T6 deposit, approximately 100m below the large T5 deposit where mine development is in progress. Initial results from T6 include an intersection in drill hole FUG692 of 34.7m of massive sulphide with an estimated average grade of 7% nickel. Formal assays are required to confirm the nickel grades which have been estimated using a portable XRF analyser (Niton).

The intersection in FUG692, which has an interpreted true width of 9m, is hosted in a pegmatite lode at approximately 1200m vertical depth, 120m below the Western Areas' decline. FUG692 is supported by four other high grade intersections along a minimum 150m strike length in the T6. There is currently no mineral resource estimate for T6. 

At Spotted Quoll, recent drilling below the Stage One Ore Reserve (where mine development is in progress) is continuing to produce high grade intersections. Three surface drill rigs are testing Stage Two between 450m to 1,000m vertical depth. Assay results from a number of drill holes are awaited however results include an intersection in drill hole WBD181W2W2W2 of 3.3m @ 8.3% nickel near the southern boundary of the Stage Two deposit (refer previous releases). An initial Mineral Resource estimate for Stage Two is expected in the December Q.

A scoping study is underway to review the potential to increase production from the Spotted Quoll underground mine from the current 10,000tpa rate outlined in the feasibility study to a new target of up to 15,000tpa nickel in ore. First ore from the Spotted Quoll underground mine is expected to be mined in December.

Discussion

Managing Director Mr Julian Hanna said, "These results are providing encouragement on the potential for Western Areas to reach its short term goal of extending mine life at both Flying Fox and Spotted Quoll. Drilling within T6 and in the underlying T7 deposit at Flying Fox and in Stage Two at Spotted Quoll is ongoing. The aim of this drilling is to achieve a significant upgrade in mineral resources at both mines within the next few months."

Mr Hanna added, "Western Areas' medium term goals include making new nickel discoveries at Forrestania, at Sandstone, and at exploration projects in Canada and Finland. We have been very active on these projects during the September Q and a separate release outlining some exciting exploration results from these areas is expected in the next week." 

COMPETENT PERSONS STATEMENT: 

The information within this report as it relates to geological and drilling data is based on information compiled by Mr Charles Wilkinson and Mr Julian Hanna of Western Areas NL. Mr Wilkinson and Mr Hanna are members of AusIMM and are full time employees of the Company. Mr Wilkinson and Mr Hanna have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr Wilkinson and Mr Hanna consent to the inclusion in the report of the matters based on the information in the form and context in which it appears. 

FORWARD LOOKING STATEMENT: 

This release contains certain forward-looking statements. These forward-looking statements include: "Current drilling programs are designed to support the short term goal to lift mine life at both Flying Fox and Spotted Quoll to 10 years.", and, "An initial Mineral Resource estimate for Stage Two is expected in the December Q", and, "First ore from the Spotted Quoll underground mine is expected to be mined in December". Forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict which could cause actual events or results to differ materially from those anticipated in such forward-looking statements.

DISCLAIMER:

This announcement does not include reference to all available information on the Company or the Forrestania Nickel Project and should not be used in isolation as a basis to invest in Western Areas or FinnAust. Any potential investors should refer to Western Area's other public releases and statutory reports and consult their professional advisers before considering investing in the Company.

For Purposes of Clause 3.4 (e) in Canadian instrument 43-101, the Company warrants that Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.



Western Areas NL
Julian Hanna
Managing Director
+61 8 9334 77777
jhanna@westernareas.com.au
or
Western Areas NL
Dan Lougher
Operations Director
+61 8 9334 7777
dlougher@westernareas.com.au
www.westernareas.com.au
or
FD
Shane Murphy
+61 8 9386 1233 / 0420 945 291
Shane.Murphy@fd.com
Data and Statistics for these countries : Canada | Finland | All
Gold and Silver Prices for these countries : Canada | Finland | All

Western Areas NL

PRODUCER
CODE : WSA.AX
ISIN : AU000000WSA9
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Western Areas NL is a producing nickel and gold company based in Australia.

Western Areas NL holds various exploration projects in Australia.

Its main assets in production are FORRESTANIA, FLYING FOX MINE and KOOLYANOBBING in Australia, its main asset in development is SANDSTONE - LORD NELSON in Australia and its main exploration properties are MT FINNERTY NICKEL JV, LAKE KING, MT ALEXANDER, MT JEWELL and SPOTTED QUOLL in Australia and EAST BULL LAKE in Canada.

Western Areas NL is listed in Australia and in Canada. Its market capitalisation is AU$ 728.3 millions as of today (US$ 509.1 millions, € 448.7 millions).

Its stock quote reached its highest recent level on April 15, 2011 at AU$ 6.78, and its lowest recent point on March 27, 2020 at AU$ 1.66.

Western Areas NL has 272 280 000 shares outstanding.

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Corporate Presentations of Western Areas NL
2/17/2014Half Year Results Corporate Presentation
11/21/2013Areas AGM Corporate Presentation
2/21/2013Half Year Results Corporate Presentation
Annual reports of Western Areas NL
Annual Report to shareholders
Annual Report to shareholders
2009 Annual Report
Option Grants of Western Areas NL
2/14/2012Maintains Strong Profits and Declares Dividend
Nominations of Western Areas NL
1/3/2012appoints new Managing Director
Financials of Western Areas NL
2/24/2016Half Year Financial Results Press Release
8/20/2015Areas Full Year Financial Results Presentation
Project news of Western Areas NL
1/28/2014Revised Resource Table - December Quarterly Report
12/6/2013RBR: Drilling to Commence at Caesar Hill JV
12/4/2013Drilling to Commence at Musgrave Tenements
11/22/2013Final Director's Interest Notice
9/6/2013Assays Increase New Morning High Grade Nickel Intersection
8/30/2013High Grade 8% Nickel Intersection at New Morning
7/19/2013Further High Grade Intersections at New Morning
7/1/2013TKL: Musgrave project farm-in by Western Areas
3/27/2013New Morning Exploration Update
3/14/2013Exploration Strategy and Activities Update
2/1/2013GEOPHYSICS CONFIRMS SIGNIFICANT CONDUCTOR AT NEW MORNING
1/24/2013(Forrestania)New High Grade Nickel Discovery at Forrestania
1/24/2013GTE:Encouraging gold results intersected in drilling Mt Gibb
7/18/2012(Forrestania)Announces New High Grade Nickel Sulphide Discovery at Forres...
5/11/2012Production Guidance Update
3/14/2012Completed the Acquisition of Kagara Nickel
10/5/2011(Flying Fox Mine)Major Nickel Intersection Below Flying Fox Mine
Corporate news of Western Areas NL
8/11/2017Advance Notice - Full Year Results Conference Call
8/2/2016Diggers and Dealers Presentation
6/15/2016Final Director's Interest Notice
6/9/2016Western Areas Board Change
4/22/2016Quarterly Activities Report
4/5/2016Western Areas - Security Purchase Plan Booklet
4/5/2016Western Areas - Section 708A Cleansing Statement
3/31/2016Successful Completion of Western Areas Placement
1/28/2016Change in substantial holding
1/27/2016Quarterly Activities Report
1/11/2016Becoming a substantial holder
12/21/2015Western Areas Reduces Standby Bank Facility Fees
12/1/2015Change in substantial holding from NAB
11/25/2015Annual General Meeting - MD Presentation
11/25/2015Chairman's Address to Shareholders
10/26/2015Quarterly Activities Report
10/23/2015Notice of Annual General Meeting/Proxy Form
10/12/2015MOX: Western Gawler Craton Drilling Recommenced
10/12/2015Western Gawler Craton Update
10/7/2015Western Areas Revised FY16 Capital Expenditure Plans
10/1/2015Cosmos Nickel Complex Acquisition Completed
9/29/2015Western Areas to Commence Drilling at Fowlers Bay Nickel JV
9/28/2015STA: Western Areas to Commence Drilling at Fowlers Bay Nick
9/28/2015Prospective Mafic Intrusions Confirmed at Western Gawler
9/22/2015Becoming a substantial holder
9/14/2015Change in substantial holding
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8/28/2015Change of Director's Interest Notice x 3
8/20/2015Western Areas Report Increased Full Year Profit and Dividend
8/20/2015Appendix 4E & Full Year Statutory Accounts
8/20/2015Western Areas Full Year Financial Results Presentation
8/20/2015Dividend/Distribution - WSA
8/18/2015Full Year Results Conference Call Details
7/30/2015Change in substantial holding from NAB
7/21/2015Quarterly Activities Report - Revised
7/19/2015GNG: Contract Award
7/19/2015MILL ENHANCEMENT PROJECT
7/5/2015Major Drilling Program Commenced at Western Gawler Project
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6/18/2015Western Areas to Acquire the Cosmos Nickel Complex
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3/25/2015Change in substantial holding from NAB
3/11/2015Change in substantial holding from NAB
3/5/2015Ceasing to be a substantial holder
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2/12/2015Half Year Results Conference Call Details
2/12/2015Ceasing to be a substantial holder from MS
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11/6/2014Western Areas to Commence Major Exploration at Fowlers Bay
2/28/2014On Market 2014 Convertible Bond Purchase
2/25/2014Areas Share Purchase Plan Offer Document
2/24/2014Cleansing Statement - Notification under section 708A(5)(e)
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2/18/2014Areas Ltd Capital Raising and SPP
2/17/2014Half Year Results Press Release
2/10/2014Areas Upgrades Full Year Guidance
1/28/2014Competent Person Statement
1/9/2014Becoming a substantial holder
12/17/2013Ceasing to be a substantial holder
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12/4/2013TKL:Western Areas proceeds to Stage 2 of JV and begins drill
11/21/2013Areas 2013 AGM Results
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11/13/2013Finland Exploration Assets - London AIM Listing
10/21/2013Notice of Annual General Meeting/Proxy Form
10/15/2013TKL: Musgraves project - new targets on WSA JV tenements
9/24/2013Becoming a substantial holder
9/12/2013(Spotted Quoll)Spotted Quoll North High Grade Mineral Resource and Reserve
9/6/2013Substantial Shareholder - Restatement from CBA
8/27/2013Preliminary Final Report and Full Year Financial Statements
8/27/2013Areas Full Year Results Press Release
8/27/2013Areas Full Year Result Presentation Pack
8/21/2013Conference Call: Full Year Results for the Year Ended 30 Jun...
7/31/2013Announces Anticipated Non-Cash Impairment
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7/1/2013Strategic Agreement with Traka at Musgraves
6/24/2013GTE: Rights Issue Entitlement
5/31/2013Areas Upgrades Full Year Guidance
4/23/2013Quarterly Activities Report
4/5/2013Chairmans Letter to Shareholders
4/4/2013Becoming a substantial holder
2/21/2013Half Year Accounts and Appendix 4D
2/21/2013Half Year Results Press Release
2/21/2013Results of Meeting
1/29/2013New Offtake Agreement
1/18/2013Notice of General Meeting/Proxy Form
1/14/2013WSA Announces Successful Completion of Share Purchase Plan
1/14/2013Areas Announces New Constitution
1/14/2013Areas Announces Change of Name and Company Type
12/10/2012Section 708A - Cleansing Notice
10/22/2012Notice of Annual General Meeting/Proxy Form
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9/21/2012Weekly Summary Alert
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7/25/2012Announces June 2012 Quarterly Activities Report
7/13/2012Weekly Summary Alert
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6/15/2012Weekly Summary Alert
6/7/2012(Spotted Quoll)Spotted Quoll Underground Ore Reserves Increase by 94%
6/1/2012Weekly Summary Alert
5/18/2012Weekly Summary Alert
5/4/2012Weekly Summary Alert
4/20/2012Weekly Summary Alert
4/6/2012Weekly Summary Alert
3/23/2012Weekly Summary Alert
3/9/2012Weekly Summary Alert
3/5/2012Acquires 100% of Lounge Lizard and Kagara's Nickel Assets
2/24/2012Weekly Summary Alert
2/10/2012Weekly Summary Alert
1/27/2012Weekly Summary Alert
1/23/2012Announces December 2011 Quarterly Activities Report
1/13/2012Weekly Summary Alert
12/30/2011Weekly Summary Alert
12/22/2011Closes Out Royalty Obligation To Outokumpu
12/16/2011Weekly Summary Alert
12/2/2011Weekly Summary Alert
11/30/2011Agrees One Year Offtake Contract with Jinchuan
10/12/2011Clarification: Lounge Lizard Nickel Deposit
9/23/2011Weekly Summary Alert
9/8/2011Announces Update on Nickel Concentrate Tender Process
8/26/2011Weekly Summary Alert
8/22/2011Strong Financial Results for Year Ended 30 June 2011 & Full ...
8/12/2011Weekly Summary Alert
8/2/2011Considering Nickel Offtake Tender
5/6/2011Weekly Summary Alert
4/15/2011Announces March 2011 Quarterly Activities Report
4/8/2011Weekly Summary Alert
3/25/2011Weekly Summary Alert
2/25/2011Weekly Summary Alert
2/14/2011ALERT: New Western Areas Financial Report
2/11/2011Weekly Summary Alert
11/7/2008Weekly Summary Alert
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AUSTRALIA (WSA.AX)TORONTO (WSA.TO)
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